Wages are rising too fast to lower interest rates, says Bank of England By John-Paul Ford Rojas Updated: 17:01 EST, 18 December 2023 e-mail View comments A senior Bank of England official has played down growing expectations of an interest rate cut – even as a report warned that the economy was just ‘limping along’. Deputy governor Ben Broadbent said the central bank needs to see a ‘more protracted and clearer decline’ in wage growth but the job has been made harder by ‘muddy’ data. That is despite growing market expectations that it will go for a rate cut as soon as May amid signs of inflation easing and the economy stuttering…
